Mortgage Loan Question?

If you have student loand that are currently in defferment will in that estimated monthly payment be taken into account when getting an FHA home loan? I work full time but am still attending academy, if they factor the student loan payment given on my credit report it will make my income to debt ration 45% which I hear can be a problem. The payment will not be what is listed on the credit report 1) they enjoy given me lower payment options when I inquired 2) I can consolidate and cut my payments considerably. Just curious the effect this may own
Answers:
As long as the student loans will be deferred for at least 12 months after closing, it should not be considered in your debt ratio.

Also, if the payment is different than what the report says, and it can be verified by the underwriter, that should make somebody`s day the payment issue. Source(s): Mortgage Consultant - Conventional & FHA - 5+ years.
http://www.atozlender.com
It shouldn't be taken into account if you are contained by deferrment since you don't actually need to compensate now. I had equal situation when I bought my first home, although it may be different with FHA.

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